|
PureBytes Links
Trading Reference Links
|
But, why go to the trouble of offsetting them? I simply let them settle
to cash.
As a matter of fact, I was not aware of a offset mechanisim as you
mention, but I guess there is. Less chance of error and it frees up the
back office if you let them go off the board naturally.
hans esser wrote:
>
> I have an ""open"" position in my account of
>
> SHORT 2 S&P march
> LONG 10 mini march
>
> As the mathematicans out there might find out - those are perfectly hedged
> against each other and as march is not the front month I do not trade out of them
> as usually, but call my broker to just OFFESET them against each other TODAY.
>
> Thats just a bookkeeping transaction and not crossed in the market - still -
> ofcoursse and correctly charged with the normal comish.
>
> Did that before so know how my brokerage does it - called - gave the order- and
> heard the clerk repeating it as 2 orders to go MARKET <g>......"NOOOO" I yelled
> to stop him before its to late and told him that they can match them and they done
> that in the past.
>
> He put me on hold for several minutes, came back and told me that he learned
> from me <g>
>
> watch those brokers...... :-)))
>
|